FYI the talking heads have been calling for a correction and looking for one for the past few weeks. The only question was what would trigger it and when, well China answered that...

Great buying opportunity.

The real estate market reacts differently and slower, its currently in full bloom. Which is driving me nuts because finding good deals is getting more challenging and expensive. Right now me and every other investor out their are chasing a quickly shrinking pool of foreclosures on one end of the market. On the other I'm facing pressure from fair weather builders getting brave again and overpaying for dirt.

Its like spring, everyone has had 5-6 years to lick their wounds and save up money.

The only positive side is material costs are steady since the hurricane season was light, and prices have increased and are trending up. Slowly up, but up. Also financing on the investment side is still tight, more so now thanks to Frank Dodd so the new guys are having a devil of a time getting their legs and competing. But that will change, I predict soon as well.

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2006 CL500
1969 280SE
2023 Ram 1500
2026 Genesis GV70
2007 Tiara 3200